Company Profile

Spread throughout the UK, Barratt Developments builds and sells c.18,000 homes per year under the Barratt, David Wilson and Ward brands. The group is a member of the FTSE 250 Index, has an approximate 12% share of the UK market and directly employs 6,900 people. Barratt builds private homes (50%) and flats (50%) but also has significant exposure to the social housing segment. Sixty-four percent of sales are to owner-occupiers, 20% to first-time buyers, 15% to the buy-to-let segment and 21% to social housing. The group has a national spread with 32 divisions across the north (55%), south (38%) and in central London (7%). The group is the second- largest housebuilder in the UK by units completed. In February 2007, Barratt acquired Wilson Bowden for just under £2bn. Wilson Bowden is a large UK housebuilder completing c.5,000 private homes. The group also has a commercial property business (Wilson Bowden Developments) focused on retail, leisure, office, industrial and mixed-use schemes.